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Products | EventTransacta

Event Pay

Designed for the MICE (meetings, incentives, conferences and events) sector, Event Pay settles pre-agreed costs between venues, hotels and event management agencies according to a predetermined payment schedule.

The system distributes a notification of the agreed payment schedule and the contracted billing values for the event along with the billing parameters for each payment associated to the contracted event.

On the day an invoice becomes due, the system automatically sends full payment details which will have the appropriate funds available along with an email alert. This will confirm full billing parameters as per the contract with the agency customer.

This process is repeated for all invoices, with the card being allocated the appropriate credit limit and billing date parameters until the event costs have been settled in full.

Features & Benefits

• Pre-agreed costs can be paid automatically and at pre-agreed times without human intervention
• Available through an API, Conferma’s technology plugs directly into accounting and payment systems
• Automated payment removes the need to check invoices therefore reducing administration time and costs
• Event Pay uses PCI DSS compliant virtual card technology to reduce exposure to credit requirements and help cash flow

Please contact Conferma’s sales team to discuss how Conferma’s solutions can help your organisation or request a demonstration